Crypto Contest April 13: Cortex

Cortex (Bittrex: CTXCBTC) has broken out of the triangle pattern in the four-hour chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, Cortex began a wave one (blue sub-waves i-ii-iii-iv-v) advance on February 18. The red wave one finished on April 1, and the red wave two (blue sub-waves a-b-c) correction ended on April 12. If this wave count is correct, Cortex should be heading next towards the April 1 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

Cortex is building the fundamental technologies that will decentralize AI and enable AI-powered Dapps on the blockchain. You can watch

About the author: Markus Aarnio

I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets.